Dayton signs bill that shifts oversight of school trust lands
Megan Boldt, Pioneer Press, April 28, 2012 –
A bill that changes oversight of Minnesota’s school trust lands got the signature of Gov. Mark Dayton on Saturday, April 28.
The bipartisan plan took years of work. It shifts administration of school trust lands from the state Department of Natural Resources, which some say hasn’t done a good job of generating revenue for schoolchildren from those properties.
A Legislative Permanent School Fund Commission and a trust lands direct will oversee and administer land, scattered primarily across northern Minnesota, given to the state in the mid-19th century.
Proceeds from those properties go into a permanent school trust fund, with interest and dividends parceled out each year to school districts.
Megan Boldt can be reached at 651-228-5495. Follow her at twitter.com/meganboldt.